Tracy D. Crandall Sells 3,718 Shares of RPM International Inc. (NYSE:RPM) Stock

RPM International Inc. (NYSE:RPM) VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

RPM International Trading Down 0.2 %

NYSE:RPM opened at $130.30 on Thursday. RPM International Inc. has a 12 month low of $88.84 and a 12 month high of $134.56. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.00 and a beta of 1.00. The firm has a fifty day simple moving average of $122.55 and a two-hundred day simple moving average of $115.18.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. Analysts expect that RPM International Inc. will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. RPM International’s payout ratio is 47.00%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Tuesday, July 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $129.70.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC lifted its position in RPM International by 3.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after acquiring an additional 110 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in RPM International during the first quarter worth $338,000. BKM Wealth Management LLC raised its position in RPM International by 30.1% in the 1st quarter. BKM Wealth Management LLC now owns 4,334 shares of the specialty chemicals company’s stock valued at $516,000 after buying an additional 1,003 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in RPM International by 61.6% during the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock valued at $11,903,000 after acquiring an additional 38,135 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in RPM International by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 95,078 shares of the specialty chemicals company’s stock worth $11,310,000 after acquiring an additional 4,592 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.